The equation, y = 12841(1.01)x , represents the average cost of an education at a private college, after 1990. what is the average cost in 1990 (x = 0)?

a. $12,969
b. $12,841
c. $13,122
d. $13,099

Option B is correct.

the average cost in 1990 is, $12,841

Step-by-step explanation:

Given the equation :

         ....[1]

where y represents the he average cost of an education at a private college after 1990 and x be the time in years.

We have to find the average cost in 1990.

⇒

Substitute in [1] we have;

Simplify:

Therefore, the average cost in 1990 is, $12,841

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step-by-step explanation:

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